August 2014

Project Management

Use information management tools to support best practices and increase reliability

The recently published ISO 55000 series of standards aims to promote best practices in asset management. Other goals of this standard include: achieving tangible benefits through the effective managem..

Standish, R., AVEVA Solutions Ltd.

The recently published ISO 55000 series of standards aims to promote best practices in asset management. Other goals of this standard include: achieving tangible benefits through the effective management of risk, improving efficiency and economics for assets, and developing better and informed decision-making skills. Asset management is data intensive. Achieving these benefits requires large quantities of data to be stored, verified, managed, and made readily accessible when and where needed. While the ISO standard is not specifically an IT standard, it identifies the value of IT systems in achieving and ensuring compliance. It builds on PAS 55, which focuses on physical assets; many compan

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